Owing to the liquidity challenge, Nigerian Deposit Money Banks have made the largest single withdrawal of N1.2 trillion from the Central Bank’s Standing Lending Facility to fund operations due to a liquidity shortfall in the money market, TrustBanc Financial Group Limited said in a note. The banking system is facing a huge liquidity deficit, which […]

The post Banks borrow N1.2trn from CBN in one day over liquidity deficit appeared first on ThePointNG.